Market Overview:
The global advanced rocket and missile propulsion systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for advanced rocket and missile propulsion systems in the military and civil applications. In terms of type, the solid propulsion rocket motor segment is expected to lead the global advanced rocket and missile propulsion systems market during the forecast period. This can be attributed to its high thrust-to-weight ratio, low cost, and ability to operate in a wide range of environments.
Product Definition:
Advanced Rocket and Missile Propulsion Systems are systems that allow a rocket or missile to travel farther, faster, and more accurately. They are important because they make it possible for rockets and missiles to reach their targets more effectively.
Solid Propulsion Rocket Motor:
Solid propulsion rocket motor, also known as simple liquid engine or fluid engine is a type of rocket motor which uses chemical energy stored in a propellant to generate thrust. They are mostly used for satellite launches and space exploration.
The global solid propulsion rocket market size was valued at USD 4,700 million in 2016 and is expected to grow at an estimated CAGR of XX% from 2017 to 2022 owing to the increasing demand for launching satellites into orbit around the earth.
Liquid Propulsion Engine:
The liquid propulsion engine (LPE) is a type of rocket engine that uses stored chemical energy to propel a vehicle forward. The first LPE were developed in Germany during World War II for aircraft use, but later they were used for the development of missiles and rockets.
Liquid propulsion engines are commonly used on ballistic missiles, space vehicles, spacecraft carriers and some launch vehicles.
Application Insights:
The military segment dominated the global advanced rocket and missile propulsion systems market in terms of revenue share in 2017. The growth can be attributed to increasing defense expenditure by countries such as U.S., China, Russia, India and Israel among others. These countries focus on developing long-range missiles with multiple warheads which can attack targets across the enemy¢â‚¬â„¢s territory using nuclear weapons if necessary. This trend is expected to continue over the forecast period thus driving demand for various types of rocket engines used for space launch vehicles (SLVs).
Civil applications include launching satellites into orbit, human exploration of deep space, interplanetary probes and planetary exploration including Mars or Venus missions requiring heavy lift launch vehicles (LLV) equipped with several types of engine systems such as solid boosters along with liquid or hybrid motors providing extra thrust at takeoff to overcome Earth's gravity and enable successful flight into outer space.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The U.S., being a global military and defense power, has been using various advanced systems for its strategic assets such as intercontinental ballistic missiles (ICBMs), rockets, and space vehicles. Moreover, the region is home to several key companies that provide these systems on long-term contracts to other nations around the world.
Asia Pacific is expected to be one of the fastest growing regions with a CAGR exceeding 6% from 2018 to 2030 owing to increasing government investments in space programs along with rising tensions between nuclear-armed nations such as India.
Growth Factors:
- Increasing demand for advanced rocket and missile propulsion systems from defense sector across the globe due to rising security concerns
- Growing investments by governments in space exploration programs
- Proliferation of ballistic and cruise missiles by countries such as China, Russia, and North Korea
- Development of new propulsion technologies that offer improved performance over traditional systems
- Rising demand for advanced rocket and missile propulsion systems from commercial sector for satellite launches
Scope Of The Report
Report Attributes
Report Details
Report Title
Advanced Rocket and Missile Propulsion Systems Market Research Report
By Type
Solid Propulsion Rocket Motor, Liquid Propulsion Engine, Hybrid Propulsion Engine
By Application
Military, Civil
By Companies
Aerojet Rocketdyne, Airbus S.A.S., Ariane Group, Avio S.p.A, Blue Origin, IHI Corporation, Mitsubishi Heavy Industries, NPO Energomash, Northrop Grumman Corporation, OHB SE, Safran, SpaceX, Thales Group, Lockheed Martin Corporation, Moog Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Advanced Rocket and Missile Propulsion Systems Market Report Segments:
The global Advanced Rocket and Missile Propulsion Systems market is segmented on the basis of:
Types
Solid Propulsion Rocket Motor, Liquid Propulsion Engine, Hybrid Propulsion Engine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Civil
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aerojet Rocketdyne
- Airbus S.A.S.
- Ariane Group
- Avio S.p.A
- Blue Origin
- IHI Corporation
- Mitsubishi Heavy Industries
- NPO Energomash
- Northrop Grumman Corporation
- OHB SE
- Safran
- SpaceX
- Thales Group
- Lockheed Martin Corporation
- Moog Inc
Highlights of The Advanced Rocket and Missile Propulsion Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid Propulsion Rocket Motor
- Liquid Propulsion Engine
- Hybrid Propulsion Engine
- By Application:
- Military
- Civil
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Advanced Rocket and Missile Propulsion Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Advanced Rocket and Missile Propulsion Systems (ARMS) is a program within the Defense Advanced Research Projects Agency (DARPA) that seeks to develop innovative propulsion technologies for advanced missiles and rockets. These technologies could include new engine designs, propellant formulations, or guidance systems.
Some of the major companies in the advanced rocket and missile propulsion systems market are Aerojet Rocketdyne, Airbus S.A.S., Ariane Group, Avio S.p.A, Blue Origin, IHI Corporation, Mitsubishi Heavy Industries, NPO Energomash, Northrop Grumman Corporation, OHB SE, Safran, SpaceX, Thales Group, Lockheed Martin Corporation, Moog Inc.
The advanced rocket and missile propulsion systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Advanced Rocket and Missile Propulsion Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Advanced Rocket and Missile Propulsion Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Advanced Rocket and Missile Propulsion Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Advanced Rocket and Missile Propulsion Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Advanced Rocket and Missile Propulsion Systems Market Size & Forecast, 2018-2028
4.5.1 Advanced Rocket and Missile Propulsion Systems Market Size and Y-o-Y Growth
4.5.2 Advanced Rocket and Missile Propulsion Systems Market Absolute $ Opportunity
Chapter 5 Global Advanced Rocket and Missile Propulsion Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Type
5.2.1 Solid Propulsion Rocket Motor
5.2.2 Liquid Propulsion Engine
5.2.3 Hybrid Propulsion Engine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Advanced Rocket and Missile Propulsion Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Applications
6.2.1 Military
6.2.2 Civil
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Advanced Rocket and Missile Propulsion Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Advanced Rocket and Missile Propulsion Systems Analysis and Forecast
9.1 Introduction
9.2 North America Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Type
9.6.1 Solid Propulsion Rocket Motor
9.6.2 Liquid Propulsion Engine
9.6.3 Hybrid Propulsion Engine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Applications
9.10.1 Military
9.10.2 Civil
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Advanced Rocket and Missile Propulsion Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Type
10.6.1 Solid Propulsion Rocket Motor
10.6.2 Liquid Propulsion Engine
10.6.3 Hybrid Propulsion Engine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Applications
10.10.1 Military
10.10.2 Civil
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Advanced Rocket and Missile Propulsion Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Type
11.6.1 Solid Propulsion Rocket Motor
11.6.2 Liquid Propulsion Engine
11.6.3 Hybrid Propulsion Engine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Applications
11.10.1 Military
11.10.2 Civil
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Advanced Rocket and Missile Propulsion Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Type
12.6.1 Solid Propulsion Rocket Motor
12.6.2 Liquid Propulsion Engine
12.6.3 Hybrid Propulsion Engine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Applications
12.10.1 Military
12.10.2 Civil
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Advanced Rocket and Missile Propulsion Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Type
13.6.1 Solid Propulsion Rocket Motor
13.6.2 Liquid Propulsion Engine
13.6.3 Hybrid Propulsion Engine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Advanced Rocket and Missile Propulsion Systems Market Size Forecast by Applications
13.10.1 Military
13.10.2 Civil
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Advanced Rocket and Missile Propulsion Systems Market: Competitive Dashboard
14.2 Global Advanced Rocket and Missile Propulsion Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aerojet Rocketdyne
14.3.2 Airbus S.A.S.
14.3.3 Ariane Group
14.3.4 Avio S.p.A
14.3.5 Blue Origin
14.3.6 IHI Corporation
14.3.7 Mitsubishi Heavy Industries
14.3.8 NPO Energomash
14.3.9 Northrop Grumman Corporation
14.3.10 OHB SE
14.3.11 Safran
14.3.12 SpaceX
14.3.13 Thales Group
14.3.14 Lockheed Martin Corporation
14.3.15 Moog Inc
